BUSINESS

The civil complaint filed in a California court in Los Angeles contends Musk had the workers terminated after they published an open letter detailing their concerns and calling on the American aerospace firm's board to distance itself from the SpaceX chief executive.

The embattled aviation giant delivered its official response on Wednesday contesting the Justice Department's assessment, Bloomberg News reported late Wednesday, citing unnamed sources.

Washington announced Wednesday it was sanctioning Moscow Exchange, Russia's main stock market and clearing house for foreign currency transactions, a major new financial punishment.

Tesla CEO Elon Musk said late Wednesday that the electric vehicle company's shareholders were voting to approve his multibillion-dollar pay package by "wide margins" before the ballot had been concluded.

China has spearheaded a targeted industrial strategy to boost its EV sector, pouring vast state funds into domestic firms as well as research and development.

In a California court, Musk had accused the AI firm he helped set up in 2015 of breaching a commitment to creating artificial intelligence that benefits society when it became a for-profit enterprise backed by Microsoft.

Omar Al Olama, Minister of State for Artificial Intelligence, was speaking Tuesday after a state-linked Emirati AI firm secured a major investment from Microsoft, reportedly divesting Chinese interests as part of the deal.

The zero growth in April followed an expansion of 0.4 percent in March, according to the Office for National Statistics.

The May headline consumer inflation rate is expected to be little changed from a month earlier, according to the median forecast of economists surveyed by Dow Jones Newswires and The Wall Street Journal.

Similar to the European Union's new Digital Markets Act, the law mandates that they act fairly and make operating systems, browsers and search engines available for all.

The company has mounted a social media campaign and even invited shareholders to enter a sweepstakes to win a tour of Tesla's Gigafactory in Texas, personally escorted by designer Franz von Holzhausen and Musk, on the eve of the annual meeting.

A 73-year-old British man died and several other passengers and crew onboard flight SQ321 from London suffered skull, brain and spine injuries during the terrifying high-altitude ordeal.

Atos -- which runs supercomputers for France's nuclear deterrent, holds contracts with the French army and is the IT partner for the Paris Olympics -- is sagging under almost five billion euros ($5.4 billion) of debt.

The secondary offering was expected to provide a short-term boost to Saudi Arabia's finances as the Gulf kingdom builds large-scale projects including resorts and stadiums, part of a reform drive to prepare for an eventual post-oil future.

Samsung Electronics is one of the world's largest smartphone makers and also one of the only companies globally to produce high-end memory chips used for generative AI, including top-of-the-line AI hardware from industry leaders such as Nvidia.

The figure was up 0.5 percent on-year with more money spent on education, clothes and transport, including cars, according to the internal affairs ministry.

The company came under intense scrutiny in January in the wake of a near-disastrous Alaska Airlines flight, in which a 737 MAX was forced to make an emergency landing after a fuselage panel blew out in mid-flight.

After an unprecedented streak of eurozone rate hikes beginning in mid-2022 to tame runaway energy and food costs, inflation has been slowly coming down towards the ECB's two-percent target.

Pop-culture powerhouse Japan wants to expand its overseas market for video games, manga and anime fourfold to $130 billion in about a decade, the government has said.

Equities were mixed Wednesday as building optimism that the Federal Reserve will cut interest rates before the end of the year was offset by renewed worries about the US economy.

TSMC's board of directors on Tuesday unanimously elected chief executive CC Wei to succeed Mark Liu as chairman of the chip titan.

Her departure is part of the biggest move yet by publisher and CEO William Lewis since he took over in January, the newspaper said.

Airline executives will gather at the influential annual global airline summit in the United Arab Emirates on Monday for talks on the latest in the industry, including upcoming AI projects.

The busy work at the site in Germany is a rare sign of activity in an industry holding out for a fall in interest rates to get back on its feet.

The sale on the local bourse, which represents approximately 0.64 percent of the company's issued shares, will commence on Sunday, Aramco said.

Evergrande was once China's biggest real estate firm, a powerhouse in a sector that helped propel the country's rapid economic growth during recent decades.

The deal, which includes the assumption of $5.4 billion in Marathon debt, is the latest in a series of acquisitions in the US oil sector, extending the lifespan of petroleum at a time when climate change advocates are pressuring producers to transition to carbon-free energy.

The American aeronautics giant has faced intense scrutiny following manufacturing problems and pointed testimonials from whistleblowers in the aftermath of fatal crashes in 2018 and 2019 that have kept the company in the headlines for unwanted reasons.

Europe's automotive sector is the jewel in its industrial crown -- behind iconic brands from Mercedes to Ferrari -- but it faces an existential threat from the looming end of combustion engines and China's head start in the switch to electric.